ACCESS Pool, Essex, England is to use two infrastructure fund vehicles managed by IFM Investors and J.P. Morgan following a review by consulting firm Mercer.
In total, the ACCESS Pool committed £1.5 billion ($1.9 billion) toward the infrastructure funds, as confirmed in a statement.
According to ACCESS, the IFM Global Infrastructure Fund, focused on core, core-plus and value-add investments, has been "very successful" in acquiring positions in large assets. The fund also focuses on transportation, social infrastructure, energy, and telecommunications.
The J.P. Morgan Infrastructure Strategy is a global mandate focused on core and core-plus investments, with an asset base split between regulated utilities, GDP-sensitive assets and contracted power and energy assets.
"Infrastructure is a key asset class for our administering authorities, and this move brings existing relationships and investments under Pool alignment and governance. The addition of these infrastructure funds also offers ACCESS authorities high-quality managers and diversified investment opportunities," said Mark Kemp-Gee, chairman of the ACCESS joint committee, in the statement.
ACCESS is made up of local government pension schemes in England and manages a total of £35 billion on behalf of its member pension funds.
Last week, ACCESS Pool confirmed that it is seeking one or more global timberland impact investment managers.